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The International Gemological Institute recently received recognition from the Responsible Jewelry Council and the International Organization for Standardization.
As part of a reorganization, EGL will no longer issue “EGL International” certificates and has vowed it is working to homogenize its grading practices worldwide. Menahem Sevdermish is at the head of this operation.  
Prices for 1-carat and 3-carat stones were down about 2 percent in November as suppliers, strapped by a lack of liquidity, lowered prices in an effort to generate cash. 
EGL USA laboratory plans to introduce a new, free diamond trading platform for the industry that will list certified diamonds from “all major labs”--but not any diamonds graded by EGL labs outside the United States.   
The Gemological Institute of America has suspended its diamond sealing services until further notice after receiving a sealed diamond for verification that did not match the grading report number packaged with it.  
One of the lawsuits filed by consumers against Nashville jeweler Genesis Diamonds for selling diamonds allegedly over-graded by EGL International has been settled while three others remain open.  
The Gemological Institute of America announced that it has lowered prices for its Quality Assurance services, which screen parcels of both colored and colorless diamonds up to 0.20 carats to detect if they are lab-grown or treated. 
National Jeweler

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